Navigate Up
Sign In

Crude tumbles $2.03 lower

Posted on: January 10, 2017

Concern over Iraq’s compliance with the OPEC agreement drove prompt WTI futures down $2.03 to a final close of $51.96. Iraq’s oil exports from southern ports in the gulf reached record high levels for December end. OPEC announced that they are continuing to fulfill their obligation to curb production and have already implemented 60-70%.

However, apprehension over the effectiveness of the output reduction process lingers in the crude markets with some participants questioning whether full output amounts will be met at all, others pointing to the fact that the output figures are a “process” over six months and averages will be taken; we may not witness dramatic reduction in the initial months of the agreement.

​​

Most Recent Market Updates

November 20, 2017

Natural gas gains 4.4 cents

NYMEX natural gas climbed 4.4 cents higher on Friday.

November 20, 2017

Crude gained $1.41

Crude prompt futures gained $1.41 on Friday to close the day at $56.55.

November 17, 2017

Natural gas falls 2.7 cents

NYMEX natural gas continued it’s decent on Thursday.

November 17, 2017

Crude prices slide $0.19

Crude prompt futures traded in a 69 cent range.

November 17, 2017

USDCAD range bound as Canadian CPI uneventful

Domestically we saw the biggest release of the week a few minutes ago.

November 14, 2017

Natural gas loses 5 cents

Cold weather emerged over the long weekend in the US Midwest to East as anticipated.

1-888-404-4646

Talk to a specialist

GlassdooreSSENTIAL Accessibility™Diversity and Inclusion

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Supplier Resources

2018 ATB Financial. All rights reserved. ©ATB Financial is a trade name/registered trademark.

ATB Financial